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Latest: Fintech News

Binance Insurance Fund 44% Backed by its Token – CryptoPotato
Binance Insurance Fund 44% Backed by its Token – CryptoPotato

A large chunk of Binance's emergency insurance fund – 44% – is made up of the crypto exchange's own BNB tokens, crypto followers have noted

South Korea’s Yoon Warns of Crackdown on Truckers Strike
South Korea’s Yoon Warns of Crackdown on Truckers Strike

President says the strike is holding the national supply chain "hostage" during an economic crisis, which is "unacceptable". Logistics disruptions have hit several sectors already.

Fitch Says EVs Will Grab 35% of 2023 China Car Sales – SCMP
Fitch Says EVs Will Grab 35% of 2023 China Car Sales – SCMP

Fitch Ratings says new-energy vehicles will continue to see strong growth next year as more motorists ditch petrol cars. It says EVs will account for 35% of car sales on the mainland in 2023

UK’s Largest Chip Plant Staff Want to Keep China Owners – BBC
Foxconn Apologises After Protests at Giant China Plant
Xiaomi Suffers Q3 Revenue Slide as Covid Curbs Hit Demand
BoJ, Megabanks Team up For Digital Yen Pilot Project
China Plans Big Fines for Tech Firms Abusing Competition Law
China Shows Sign of Easing Video Game Crackdown – CNBC
More Turmoil at Foxconn’s Troubled iPhone Plant in China

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Fintech: The Big Picture

Can China Take Place of SWIFT System? Analysts Say ‘No’

There is no global payment system that is strong enough to act as an alternative to SWIFT and enable Russia to evade sanctions